Net Income Per Share

6 Months Ended

Jul. 01, 2012

Earnings Per Share [Abstract]

Net Income Per Share

et Income per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):

	Three months ended				Six months ended
	July 1, 2012		July 3, 2011		July 1, 2012		July 3, 2011
Numerator for basic net income per share:
Net income	$	12,969	$	248,390	$	127,354	$	472,514
Denominator for basic net income per share:
Weighted average common shares outstanding	242,276		238,851		242,579		238,162
Basic net income per share	$	0.05	$	1.04	$	0.53	$	1.98
Numerator for diluted net income per share:
Net income	$	12,969	$	248,390	$	127,354	$	472,514
Denominator for diluted net income per share:
Weighted average common shares outstanding	242,276		238,851		242,579		238,162
Incremental common shares attributable to exercise of outstanding employee stock options and SARs (assuming proceeds would be used to purchase common stock), RSUs and ESPP	2,294		5,011		3,447		5,556
Shares used in computing diluted net income per share	244,570		243,862		246,026		243,718
Diluted net income per share	$	0.05	$	1.02	$	0.52	$	1.94
Anti-dilutive shares excluded from net income per share calculation	74,276		73,623		71,043		72,898

Basic earnings per share exclude any dilutive effects of stock options, SARs, RSUs, warrants and convertible debt. Diluted earnings per share include the dilutive effects of stock options, SARs, RSUs and ESPP. Certain common stock issuable under stock options, SARs, warrants, the 1% Notes due 2013 and the 1.5% Notes due 2017 have been omitted from the diluted net income per share calculation because their inclusion is considered anti-dilutive.